Survival in a highly competitive business environment calls for innovative thinking and ways of working. Consumers demand diversity and originality, yet satisfying these requirements puts enormous pressure on Industrial Equipment companies to deliver exactly what consumers want and still control costs and make a profit. Understanding customer requirements, using the right technologies for product development, and streamlining global collaboration boosts productivity and competitiveness.
Moving from an engineered-to-order to a configured-to-order approach facilitates customization while simplifying complexity. And in an industry that engages in drastic price cutting just to finalize a sale, Industrial Equipment companies must turn to value-added services to boost their margin.